Purpose　-　This　study　aims　to　provide　a　series　of　drivers　that　prompt　the　blockchain　technology　(BT)　adoption　decisions　in　circular　supply　chain　finance　(SCF)　and　also　assesses　their　degrees　of　influence　and　interrelationships,　which　leads　to　the　construction　of　a　theoretical　model　depicting　the　influence　mechanism　of　BT　adoption　decisions　in　circular　SCF.　Design/methodology/approach　-　This　study　mainly　uses　the　technology-organization-environment　(TOE)　framework,　which　focuses　on　the　aspects　based　on　the　nature　of　innovation,　intra-organizational　characteristics　and　extra　environmental　consideration,　to　identify　the　drivers　of　blockchain　adoption　in　circular　SCF　context,　while　the　significance　and　causality　of　the　drivers　are　explained　using　interpreting　structural　models　(ISMs)　and　the　decision-making　trial　and　evaluation　laboratory　(DEMATEL)　method.　Findings　-　The　findings　of　this　study　indicate　that　government　policy　and　technological　comparative　advantage　are　the　underlying　reasons　for　BT　adoption　decisions,　management　commitment　and　financial　expectations　are　the　critical　drivers　of　BT　adoption　decisions　while　other　factors　are　the　receivers　of　the　mechanism.　Practical　implications　-　This　study　provides　theoretical　references　and　empirical　insights　that　influence　the　technology　adoption　decisions　of　both　BT　and　circular　SCF　by　practitioners.　Originality/value　-　The　theoretical　research　contributes　significantly　to　current　research　and　knowledge　in　both　BT　and　circular　SCF　fields,　especially　by　extending　the　existing　TOE　model　by　combining　relevant　enablers　from　technological,　organizational　and　external　environmental　aspects　with　the　financial　performance　objectives　of　circular　SCF　services,　which　refer　to　the　optimization　of　the　financial　resources　flows　and　financing　efficiency.